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Property profile & analytics
OFF-MARKET
Estimated value
$525,000
Casinos
612 Gay St 5 Knoxville, TN 37902-1630
Individually Owned
7-yr Hold
Free & Clear
Property ID
US80-0183783
Property profile
Verified
Property type
Casinos
Use group
CASINO
Year built
1923
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area
4,230 SF
Lot
0.11 ac (4,640 SF)
APN
095IF03401C
UPID
US80-0183783
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Current use
Occupant on record · Public records
-
Anderson County Revenue Recsvc Tax Department Courthouse
-
Mechanics' Bank and Trust Company Building Bank Loan Service
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$523k
Blend (final)
Blend
$525k
Owner & transaction history
Historic Tennessee Theatre Fou · 7 yrs held
Historic Tennessee Theatre Fou
since 2019
4 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Medical building
$855,000
+1.6%
Cap rate
Implied · in-place · derived from last sale + estimated NOI
Implied Cap rate
#1
Implied · in-place · NOI ÷ last sale
In-place · derived from last sale + estimated NOI
Cap rate, NOI & submarket benchmark
Implied cap rate vs Knoxville submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Knoxville submarket · NOI estimate · typical band, median & reading
Refine your cap rate
8-question underwriting flow
1.
Property current status — Going-In vs Stabilized
2.
Price for denominator — asking / offer / market
3.
Leasing status & lease structure (NNN / Gross)
4.
Tenant risk profile & vacancy assumption
5.
Upload T12 / rent roll / OM (optional)
Refine in 60 seconds, get exact suggested price
T12 upload · Submarket benchmarks · Sensitivity grid
Suggested price · 3 cap rate anchors
Income approach @ 5% / 7% / 9% — aggressive / typical / conservative
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · Implied $/SF per anchor · Sensitivity grid
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · implied $/SF · sensitivity
Value
AI, CAP & Alternative Use estimations · Realmo proprietary blendValue Estimations
Based on Realmo’s proprietary methodology
AI Approach
Method
Estimation
Statistic approach
by Request
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
CASINO
$845,000
Current use
MEDICAL BUILDING
$855,000
Change: +2% · Conversion: Difficult
NEIGHBORHOOD: SHOPPING CENTER
$815,000
Change: -4% · Conversion: Difficult
AUTO REPAIR, GARAGE
$675,000
Change: -20% · Conversion: Difficult
Blend value · Realmo final
$525k
Range $473k – $578k · ±10%
Realmo estimate · informational only.
These numbers are calculated by our models from public records and may not reflect actual market value.
Not an appraisal.
Verify with a licensed appraiser before transacting. Realmo accepts no liability for divergence from real-world outcomes.
View the full estimation — every method, every assumption
Confidence drivers & risk notes · Custom comparable set · Free for first 3 / day
Full estimation methodology
Every method · every assumption · confidence drivers
Price per SF
Sale + rent benchmarks
Subject property
$124 / SF
Submarket sale & rent benchmarks
Median sale $/SF · Asking & closed rent · Submarket vacancy
Submarket sale & rent benchmarks
Median sale $/SF · asking & closed rent · submarket vacancy
Property tax & assessments
Tax year 2023Property tax & assessments
Tax year 2023
Tax billed
$3,943
Tax year 2023
Assessed value
$159,280
Assessed 2023
Previous assessed
$159,280
+0.0% YoY
Effective rate
2.48%
On assessed value
Land market value
$232,700
Improvement market value
$165,500
Total market value
$398,200
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
Recent comparable sales
Sale price & $/SF · sale date & distance · adjustments
Property description
Physical attributes from public recordsBuilding & lot
Public records
Property type
Casinos
Use group
CASINO
Status
Off-Market
Year built
1923
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
STEAM
Cooling
YES
Stories
1
Units
1
Total area
4,230 SF
Lot
0.11 ac (4,640 SF)
APN
095IF03401C
UPID
US80-0183783
Jurisdiction
KNOX
Zoning & alternative use
Zoning · permitted uses
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Alternative use value scenarios
Repositioning upside vs current use
CASINO Current
Est. value
$845,000
MEDICAL BUILDING
Est. value
$855,000
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$815,000
AUTO REPAIR, GARAGE
Est. value
$675,000
CASINO Current
MEDICAL BUILDING
NEIGHBORHOOD: SHOPPING CENTER
AUTO REPAIR, GARAGE
Alternative use deep dive — conversion cost, permits, timeline
Conversion cost estimate · Permit path & risks · Stabilized NOI per option
Alternative use deep dive
Conversion cost · permit path · stabilized NOI per option
Building & site characteristics
From public records
Year built
1923
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
STEAM
Cooling
Yes
Stories
1
Units
1
Lot
0.11 ac
Current owner
From public records · entity-resolved
Historic Tennessee Theatre Fou
Individual
Free & Clear · 7 yrs held
Mailing address
604 S GAY ST, KNOXVILLE, TN 37902-1603
Ownership since
2019
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
4 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jan 2, 2019
$2,400,000
Historic Tennessee Theatre Fou
Toppenberg,douglas J
Warranty Deed
—
Dec 2, 2014
$450,000
Douglas J|burke J Elaine Toppenberg
Swersky Gregg A & Karla S
Warranty Deed
$930,000 · Homefed Bk
Jan 1, 1991
$200,000
Redisch,fran Judith Tr
Unknown
Grant Deed
—
—
—
Gregg Swersky
—
Deed Of Trust
related
$500,000 · Suntrust Bank NA
Coming soon
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Coming soon
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.
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